Management Accountant

Madison Life Assurance Kenya Limited, a subsidiary of Madison Group Limited, is a well-known provider of life assurance, group schemes and pension administration in Kenya. The Group also provides through two other subsidiaries, general insurance underwriting as well as fund management services.

Madison Life Assurance Kenya Limited, a subsidiary of Madison Group Limited, is a prominent provider of life assurance, group schemes, and pension administration services in Kenya. The broader Madison Group also offers general insurance underwriting and fund management through its other subsidiaries. The company is currently hiring a Management Accountant, who will report to the Chief Accountant and be based at the Head Office in Madison House, Nairobi.

1. Prepare accurate and timely management accounts, including explanations for variances, for review.
2. Generate and distribute production reports according to agreed timelines.
3. Compile and submit quarterly and annual returns to the Insurance Regulatory Authority.
4. Perform timely reconciliation and analysis of assigned ledger accounts.
5. Prepare and maintain an accurate Fixed Asset Register, ensuring monthly depreciation expense postings.
6. Develop financial budgets and forecasts to support strategic planning and decision-making.
7. Authorize payments within established turnaround times.
8. Prepare and circulate monthly branch profitability reports and departmental management expense reports.
9. Generate monthly management expense variance reports with comprehensive explanations.
10. Compile and present financial information for Board Reports.
11. Prepare weekly performance snapshots covering production, claims, and expenses.
12. Design and maintain a dashboard for monthly performance tracking.
13. Ensure revenue assurance through continuous monitoring and analysis.
14. Undertake any other duties assigned by management as required.

1. Hold a Bachelor's degree in Accounting, Finance, or a related field from a recognized institution.
2. Be a Certified Public Accountant (CPA K) and a member in good standing of ICPAK.
3. Possess a minimum of 5 years of experience in a similar accounting role.
4. Demonstrate an in-depth understanding of insurance accounting principles.
5. Have knowledge of relevant regulatory frameworks and requirements.
6. Possess strong technical accounting knowledge.
7. Exhibit a basic understanding of the life insurance business.
8. Show excellent communication, analytical, and reporting skills.
9. Be self-driven and capable of working effectively under strict deadlines.
10. Possess good interpersonal and relationship-building skills.
11. Be proficient in financial systems (preferably SAP), advanced Excel, and financial modeling.